Black Sea Oil and Gas (BSOG), a company controlled by the American giant Carlyle and currently the only company that has decided to invest in new gas resources on the Black Sea continental shelf, will extract the first gas at the end of next year, after investments total of 600 million dollars, writes e-nergia.ro. The Americans remind that, if at that moment the current provisions of the offshore law will not be modified, they consider suing the Romanian state.

“The Midia Natural Gas Development (MGD) Project is currently 36% completed and we estimate that we will begin gas production by the end of 2021,” said Mark Beacom, CEO of BSOG.

The project is now about one-third completed. “In the second quarter of this year we managed to complete an important stage of the project, the transport of the 147 km of pipeline from our supplier from Greece to the port of Midia where it is currently stored, transport made during the state of emergency, in full compliance of all restrictions for COVID-19 existing at that time. The Ana production platform at the Agigea shipyard is 58% complete, while at the Vadu gas treatment plant we are working on foundations and making constant progress,”says Beacom.

The Midia perimeter development project is carried out by the American investment fund Carlyle, through Black Sea Oil and Gas, in the small depth area, and has a potential between 10 and 20 billion cubic meters.